Markets, Credit, & Land: Explaining the 1970's Boom & the 1980's Bust
Bill Clausen>NIU Collection>NIU Collection, Segment 6
- FARM BUSINESS
- Young farmers (1970s), easily acquired land in the 1970s. Mr. Clausen gives his economic analysis. He believes that farmers survival in 1970's depended on remaining in debt. But then when land prices fell, when the bubble burst, equity decreased rapidly.